## Linde plc: Leading the Materials Sector in Market Capitalization as of 2020

### Overview

Linde plc is a global industrial gases and engineering company with a significant presence in the materials sector. Incorporated in Ireland, its operational headquarters are in Guildford, Surrey, England. Linde is one of the largest companies in the world specializing in the production and distribution of atmospheric and process gases, and providing related engineering services. As of 2020, Linde holds the largest market capitalization in the materials sector of the equity market, reflecting its dominant position in the industry.

### History and Evolution

Linde was founded in 1879 by Carl von Linde, an inventor in the refrigeration field. The company initially focused on refrigeration technologies but expanded over the decades into engineering and gases. After a series of expansions and mergers, Linde merged with Praxair in 2018, forming one of the leading industrial gas companies globally. This merger significantly enhanced Linde’s market position and helped consolidate its leadership in the materials sector.

### Business Model and Operations

Linde operates primarily in two business areas: Gases and Engineering. The Gases division focuses on producing and distributing atmospheric gases (such as oxygen, nitrogen, and argon) and process gases (like hydrogen and carbon monoxide), which are critical in various industrial processes including manufacturing, healthcare, and food processing. The Engineering division, on the other hand, designs and builds plants for the production of industrial gases, providing custom solutions for clients.

Linde’s success and growth in market capitalization can be attributed to its extensive global operational network, innovative technology solutions in the production of industrial gases, and strategic acquisitions. The company's proactive approach in sustainable practices and clean energy solutions has also augmented its market value and resilience in the equity market.

### Market Performance

In 2020, Linde was recognized as having the largest market capitalization in the materials sector. This was a significant marker of the company's economic influence and leadership in the industry. Market capitalization is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share. Linde’s high market capitalization not only reflects investor confidence but also points to its strong financial health and its robust competitive advantage in the materials industry.

### Contributions and Innovations

Linde has been at the forefront of innovation in the industrial gases sector. The company has continuously invested in developing technologies that improve efficiency and reduce the environmental impact of industrial production processes. Its innovations include technologies related to the liquefaction of air, advanced hydrogen production, and the development of sustainable energy alternatives.

### Future Outlook

Moving forward, Linde’s strategic focus is expected to remain on expanding its global footprint, enhancing its technological capabilities, particularly in green technologies, and leveraging opportunities in emerging markets. The company's leadership in market capitalization in the materials sector is poised to facilitate not only sustained financial performance but also a greater contribution to global environmental goals.

### Conclusion

Linde’s standing as the company with the largest market capitalization in 2020 in the materials sector is a testament to its enduring legacy, strategic market positioning, and relentless pursuit of technological advancement. As industries across the globe continue to rely heavily on efficient and environmentally sustainable industrial gases, Linde is well-positioned to lead these transformations, underpinning its crucial role in both the market and the wider community.